GT Advanced Technologies Inc fka GTAT

[lecorb]

(GTATQ) Bankruptcy Judge Denies Request to Pay Critical Vendors
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October 21, 2014 11:54 AM EDT
(Updated - October 21, 2014 12:26 PM EDT)

GT Advanced Technologies (NASDAQ: GTAT) (OTCBB: GTATQ) judge denies request to pay critical vendors, according to Bloomberg headlines.

UPDATE - U.S. Bankruptcy Judge Henry Boroff denied GT's request to pay up to $25 million to critical vendors.

Boroff said he didn't want any eligible vendors on the creditors' committee, where they would be able to exercise influence over payments. «I am unable to make a sufficient determination without an analysis of, or some specific evidence as to the effect on the debtor if products or services are not made,» the judge said.

The case is In re GT Advanced Technologies Inc., 14-11916, U.S. Bankruptcy Court, District of New Hampshire (Manchester

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